Looking to get into Real Estate Investing?  Find out what you need to know in order to succesfully put together a proven system that works foe some of the Top Real Estate Investors in the nation.

In order to successfully begin to invest in real estate you need to put together a team of people you trust and that are willing to go the extra mile to become a successful investor.  Finding the correct properties is the end result of alot of behind the scenes marketing and networking needed in order to succeed.

In order to establish a wholesale team you need to build realtionships with the following people:

1- Real Estate Attorney: Look for someone that is responsive to your calls.  In investing many times you need answers quick or else the opporunity will be lost to a competitor.  The attorney must also be very educated on buying and selling wholesale properties.  An investment transaction in not as simple as a normal real estate transaction.

2- Hard Money Lender: The buggest issue encountered when trying to compete in inestments is how to get the money to fund the projects.  A good hard money lender should offer aggresive products for you and for potential buyers.  Potential buyers wiuld be wholesalers, not the retail buyer.  Retail buyers will most likely get conventional financing, but many rehab properties don't qulaify because they are not in livable conditions.  A local hard money lender will result in faster responses because as I mentioned this business is time sensetive. 

3- Mortgage Broker: Again, the biggest issue in getting into investing, is finding someone to fund your ideas.  The mortgage broker will come into play for retail buyers.  They must be able to close your deals fast and and sell their services well to the potential buyer.  You don't want a mortgage broker that will not satisfy your buyer, becuase each satisfied buyer is a future referral.  A good mortgage broker is also a good source of leads.  He/She may know of people that are struggling to make their payments and need a quick way out.  Be sure to let all your team members know that if you are referring business to them, that you expect the same in return.  If this isn't the case you need to continue to look for someone that will market you, as well as, themselves.

4- Title Company: Title companies play a major role in the closing process.  Again, keep in mind that a closing for an investment property normally happens in less than a week.  You need a title company to get you a clean and clear title as fast as possible.  The title company also needs to understand your business.  Most closings will not be as easy as a normal real estate transaction.

5- Realtor: You want to affiliate yourself with a good realtor in the area.  If you need someone out of your area, in another state, a good way to find them is by doing research.  Search the web to see who is the realtor that has the most market share in that given area.  Someone with a strong internet presence normally invests their time and money into marketing themselves.  They need to have a big client base of retail and investor buyers.  Ideally, you will also like to build a relationship with an REO realtor.  REO realtors have access to upcoming foreclosed properties that will be coming into the market.  This is a numbers game, as well as, a time game.  Think about it, if your REO realtor makes you aware of great opporunity before anyone else, wouldn't that make your job easier?  If you're new to this, the answer is YES.  You always want to be ahead of youe competition!!!

6- Clean Out Crew and Demo Crew:  This team member comes into play when you get a property that may just need some cleaning and paint to to resold.  You need a company that can service you as fast as possible.  The biggest mistake/risk in investing is not being able to re-sell fast.

In order to be a successful Investor you need to involve yourself with people that are willing to grow and LEARN with you. 

Once you have establish your team you need to begin to market yourself.  Stay posted to the second part of this blog on proven marketing ideas that will put you ahead of your competition. 

Do you think you will be succesful if you were to get a list of current homeowner's that are defaulting on their mortgage before it becomes public record?  Keep in mind, public records are available to anyone and everyone, so don't think you're the only investor going to your city office and requesting this info.  The key to succeed is to learn how to be ahead of your competition. 

Hopefully, this was helpful and I would appreciate any comments or questions you may have.  Keep posted on future Blogs!!!!

Thanks and Happy Investing!!!!!!!!